This page is intended to provide guidance and general information to current and prospective vendors with respect to credit verification requests made to York University.
Frequently Asked Questions
(Click here to download the Frequently Asked Questions in PDF Format)
- When is York University required to supply credit verification?
- Who is responsible for providing the credit information to the vendor or research grant agency?
- Where can a third party retrieve financial information on York University?
- Where can a vendor retrieve a credit rating and credit analysis on the University?
When is York University required to supply credit verification?
Credit verification may be required when the University is drawing or renewing a contract with a vendor, and the vendor requires financial data from the University to complete their credit due diligence.
This information is also relevant to research granting agencies that validate institutional recipient information. Units may use this information for arranging events, entering commitments and preparing new or revised contracts. These arrangements are expected to be in compliance with Procurement of Goods and Services and Signing Authority Policies.
Who is responsible for providing the credit information to the vendor or research grant agency?
York University is a large, public organization with no centralized service or committed resources for handling credit reference checks. The department or unit that is communicating directly with the vendor is responsible for providing the "General Credit and Financial Information" that is detailed below.
Where can a third party retrieve financial information on York University
The University's records are available in the public domain www.yorku.ca. York University's policy for managing credit reference requests from third parties is to provide specific information to assist those inquirers in conducting their own credit verifications. The University does not provide banking information to third parties.
Where can a vendor retrieve a credit rating and credit analysis on the University?
York University gets rated by two separate credit rating agencies. At a small cost to vendors, potential vendors, or the general public can readily access credit ratings published by Standard & Poor's and Dominion Bond Rating Services (DBRS). A summary rating is available from DBRS at no cost.